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Fitch Rating Action - 24 June 2022

Fitch Rating Action - 24 June 2022

After affirming Namibia’s long-term sovereign credit rating (LT IDR) at BB (with a negative outlook) in Jul ’21, Fitch Ratings announced on 24 Jun ’22 that it had downgraded Namibia to BB- with a stable outlook. This comes after Moody’s downgraded Namibia to B1 with a stable outlook on 04 Apr ‘22.

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